GST Articles

Methodology for computation of provisional ITC of 20% under rule 36 in GST

Posted by Jatin 07 November 2019 25642 Views

Know the methodology for computation of provisional ITC of 20% under rule 36 in GST.

GST Auditors! Don't Miss These 7 Checkpoints While Filing GSTR 9C

Posted by GST Hero 07 November 2019 50274 Views

Deadline for filing GSTR 9 C is approching near. In this article we have summarized 9 checkpoints that you should keep in mind while filing your GST Returns.

An overview of e-invoice under GST

Posted by CA.vipin mittal 06 November 2019 7238 Views

Every aspect of e-invoice under GST

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

Posted by CA Umesh Sharma 06 November 2019 1858 Views

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

GSTR1 Returns and its effect on the availment of input credit under the 20% Input credit rule

Posted by Seetharaman K C 05 November 2019 16857 Views

The provisions relating to the cap of 20% on availing input tax credit notified as per Notification no 49/2019 dated 9th October 2019 only adds salt to the wound as businesses which are already reeling under the present adverse economic conditions.

IGST exemption vis-a-vis pre-import condition

Posted by CA Venkatprasad Pasupuleti 05 November 2019 6081 Views

Advance Authorisation (AA), is one of the schemes under Foreign Trade Policy, 2015-20 (hereinafter referred to as the 'FTP') which allows the manufacturer exporter or merchant exporter to import inputs without payment of customs duties in terms of chapter 4 of FTP read with Notification No.18/2015 Cus dated 01.04.2015 as amended.

GST not payable on volume discount where no GST adjustment is made: AAR

Posted by Bimal Jain 04 November 2019 11073 Views

Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held tha...

Restriction of Input Tax Credit to 20% - Breakdown

Posted by CA GAUTHAM RAJ 02 November 2019 44474 Views

MOF vide notification no. 49/2019 - Central Tax dated 09th October, 2019 vide powers conferred on central government under section 164 of Central Goods and Services Tax Act, 2017, through CGST (Sixth Amendment) Rules, 2019, has inserted sub-rule (4) in rule 36 on Documentary requirements and conditions for claiming Input Tax Credit.

Renting of Motor Vehicles - RCM

Posted by Rinky Senger 02 November 2019 12094 Views

Among the other decisions taken in 37th GST Council Meetings held on 20th September 2019, liability to pay tax on reverse charge basis on service of renting of motor vehicles is also decided and made effective through notification no 22/2019 Central Tax (Rate) dated 30th September 2019 w.e.f. 1st October 2019